Donna Karan For Rent the Runway Collection

If you don't yet have a Rent the Runway account (it's free!), then now is the perfect time to sign up. That's because one of our favorite veteran designers, Donna Karan, has designed an exclusive capsule collection for the retailer that debuted today. The line features three gowns and one cocktail-perfect dress, which retail for $1,995 to $2,995 — but rent for $275 to $400. So you can get all the sophisticated glamour of Donna Karan's exclusive collection without committing to the big-ticket price — that's what we like to call smart shopping. Head inside for a complete look at Donna Karan for Rent the Runway, then start borrowing the one(s) that speak to your style.

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We love the subtly sexy off-the-shoulder neckline on this Donna Karan Prestige gown, originally $2,995 — but yours to rent for just $400.